PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Firstfed Trust Company, National Association

Swansea, MA · Cert 35540

FDIC

Q1 2004

$3.7MAssets
n/aLoans
n/aDeposits
$3.0MEquity

Executive Summary

  • Earnings: ROA of 5.24%, up 49 bps year over year; NIM at 1.60%.

Return on Assets (quarter, annualized)

5.24%+49 bps YoY

Net Interest Margin (quarter, annualized)

1.60%-53 bps YoY

Efficiency Ratio (quarter, annualized)

83.57%+112 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

2.47%Q1 ’022.13%Q1 ’031.60%Q1 ’04-14%-25%

Non-interest income vs. expense

38.11%Q1 ’0240.60%Q1 ’0346.57%Q1 ’04+6%-16%

Discrete quarter, annualized.

MetricQ2 2002Q3 2002Q4 2002Q1 2003Q2 2003Q3 2003Q4 2003Q1 2004YoY ΔTrend
Earnings
Return on Assets2.81%2.07%0.12%4.75%-2.42%-1.44%2.13%5.24%+49 bps
Return on Equity3.16%2.31%0.14%5.65%-2.95%-1.75%2.56%6.39%+73 bps
Net Interest Margin2.64%2.36%2.25%2.13%1.85%1.86%1.65%1.60%-53 bps
Efficiency Ratio89.27%92.27%99.46%82.45%108.92%105.04%93.47%83.57%+112 bps
Non-Interest Burden-2.28%-1.24%2.01%-6.51%5.79%4.31%-1.77%-7.55%-104 bps
Growth
Asset Growth (YoY)4.01%11.04%12.06%4.30%18.07%3.04%3.19%4.07%-23 bps
Loan Growth (YoY)n/an/an/an/an/an/an/an/an/an/a
Deposit Growth (YoY)n/an/an/an/an/an/an/an/an/an/a
Asset Quality
Nonperforming Loans / Loansn/an/an/an/an/an/an/an/an/an/a
Net Charge-Offs / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/an/an/an/a
Total Risk-Based Capital280%262%266%246%248%259%264%268%+2,169 bps
Equity / Assets93.50%86.29%84.00%84.00%80.32%84.00%82.10%81.87%-213 bps
Liquidity & Funding
Loans / Depositsn/an/an/an/an/an/an/an/an/an/a
Liquid Assets / Assets63.29%65.44%67.72%68.44%67.42%66.71%68.88%70.14%+169 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a